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Petra Diamonds Limited 25% Potential Upside Indicated by RBC Capital Markets

Petra Diamonds Limited with EPIC/TICKER LON:PDL has had its stock rating noted as ‘Retains’ with the recommendation being set at ‘OUTPERFORM’ this morning by analysts at RBC Capital Markets. Petra Diamonds Limited are listed in the Basic Materials sector within International Main Market. RBC Capital Markets have set a target price of 170 GBX on its stock. This would imply the analyst believes there is now a potential upside of 25% from today’s opening price of 136 GBX. Over the last 30 and 90 trading days the company share price has increased 20 points and increased 17.75 points respectively.

 
Petra Diamonds Limited LON:PDL has a 50 day moving average of 119.62 GBX and a 200 Day Moving Average share price is recorded at 110.34 GBX. The 1 year high share price is 139.25 GBX while the year low stock price is currently 52.76 GBX. There are currently 529,784,278 shares in issue with the average daily volume traded being 1,106,179. Market capitalisation for LON:PDL is £733,751,225 GBP.

 

Petra Diamonds Limited is a diamond mining company and a supplier of rough diamonds to the international market. The Company’s segments include Mining and Exploration. Its Mining segment is engaged in the extraction and sale of rough diamonds from mining operations in South Africa and Tanzania. Its Exploration segment is engaged in exploration activities in Botswana.

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